Yes, not only are you allowed to have a free float hand guard, it's the standard for high power rifle. I shoot these matches and I've never seen a non-free-floated AR15 there. Maybe some of the old garands and M14s are bedded instead of free floated. I shoot the Rock River national match A4. Link is here:
https://www.rockriverarms.com/index.cfm?fuseaction=category.display&category_ID=252
It has a float tube concealed under the handguards. You can't tell from the product photo, but look at one up close and the sling attachment point is totally isolated from the barrel. So no matter what position you are in with your sling, there's no pressure on the barrel from it. It would be quite a disadvantage to not have that.
I have the RR two-stage 4.5 lb trigger in my rifle and it works well. I shot a match with a rifle that had a geiselle trigger in it yesterday, and it had not been broken in yet. I thought my RR trigger was better and also it cost less. Some people like the geiselle trigger better, though. Either one is good enough for competition.